climbing_stars
Short

MA Head and Shoulders/Bullish Shark

BATS:MA   MASTERCARD INCORPORATED
427 2 2
MA and V have been in a monster uptrend since 2010. So shorting isn't exacting for the faint of heart. Especially after today when you see it get solid volume and close above the 10 EMA . But if risk is your thing then I would suggest this. We appear to be in a AB=CD pattern short term. Which if that plays out we will break the neckline on what appears to be a head and shoulders pattern. Intermediate term I see a bullish shark which would carry us lower to the levels projected. I will say that shorting this isn't for the faint of heart, because of the strong uptrend. But when you see strong uptrends break, they really break.
I jumped the gun on this one should have waited for more confirmation. Bullish Bat in effect with RSI BAMM playing out perfect on the 1.27 extension. I would have to say that this is my favorite type of pattern when the X-B has a RSI BAMM. It has a very high probability of playing out.
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With the fade off the top today, leads me to believe this was a triple top scenario setting up a Bullish Bat inside of the Bullish shark.
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